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The European Central Bank said Tuesday it would carry out a fine tuning operation to withdraw 20 billion euros (30 billion dollars) in surplus cash from eurozone money markets.
The eurozone economy should grow by about its potential of two percent this year, ECB president Jean-Claude Trichet said late Wednesday, brushing off comments made earlier by board member Yves Mersch.
The European Central Bank reiterated Thursday a strong warning about eurozone inflation, calling for price and wage moderation and suggesting it would raise interest rates if necessary.
As China gradually relaxes its controls on its currency, few stand to lose as much as Wu Xiao, a Shanghai black market money changer who may soon be out of a job.
The European Central bank threatens to raise interest rates to parry inflation risks but its next move will probably be a cut owing to a global economic slowdown, analysts say.
Japan's central bank began a policy meeting Monday with analysts expecting it will hold off on raising super-low interest rates amid worries that both the domestic and US economies are slowing down.
The Bank of Japan left its super-low interest rates unchanged Tuesday amid mounting worries on the global economy amid market speculation that borrowing costs could be cut even further.
Japan's central bank chief voiced concern Tuesday that a US economic slowdown and market chaos could hit the economic recovery as policymakers left super-low interest rates unchanged.
The European Central Bank (ECB) will find it hard to resist calls for lower interest rates following a spectacular cut by the US Federal Reserve Bank on Tuesday.
Primary mission, fight inflation: European Central Bank president Jean-Claude Trichet wasted no time Wednesday in quashing hopes that a dramatic US interest rate cut would be followed by one in Europe.
Japan's central bank chief on Friday dismissed a call for an interest rate cut in coordination with the US Federal Reserve, saying that current policies were enough to keep the economy firm.